Business-to-Business Electronic Market 2024 - Market Brief Analysis, Market Size, Top Leading Companies, Segmentation

Global business-to-business electronic market size is expected to reach $37.1 Bn by 2028 at a rate of 2.5%, segmented as by deployment type, supplier-oriented, buyer-oriented, intermediary-oriented

Jul 15, 2024 - 13:02

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Overview and Scope
Business-to-business electronic are the individuals that provide services that help in bringing together buyers and sellers of goods using the Internet or other electronic means and generally receive a commission or fee for the service.

Sizing and Forecast
The business-to-business electronic market size has grown steadily in recent years. It will grow from $32.76 billion in 2023 to $33.58 billion in 2024 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to growth of mobile technology influence, internet proliferation, early e-commerce platforms, edi adoption, integration of erp systems, globalization impact.

The business-to-business electronic market size is expected to see steady growth in the next few years. It will grow to $37.1 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The growth in the forecast period can be attributed to cloud-based solutions, focus on personalization, api economy development, expansion of e-procurement, enhanced cybersecurity measures. Major trends in the forecast period include data analytics and insights, personalization of services, blockchain for security, iot applications, focus on user experience (ux).

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Segmentation & Regional Insights
The business-to-business electronic market covered in this report is segmented –

1) By Deployment Type: Supplier-Oriented, Buyer-Oriented, Intermediary-Oriented
2) By Application: Home And Kitchen, Consumer Electronics, Healthcare, Clothing, Beauty And Personal Care, Sports Apparels, Automotive, Other Applications
3) By End Users: Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS), Back-end as a Service (BAAS)

Asia-Pacific was the largest region in the business-to-business electronic market in 2023. North America was the second-largest region in the global business-to-business electronic market share. The regions covered in the business-to-business electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The surge in the inclination of companies towards electronic or e-commerce platforms to mark their online presence is expected to contribute to the growth of business-to-business electronics. Business-to-business electronic markets help companies reach a large consumer base, reduce costs, and improve efficiency by automating manual processes. B2B electronic markets increase opportunities for manufacturers to collaborate with suppliers and distributors. For instance, in February 2023, Forbes Advisor, a financial advice platform affiliated with the renowned business and finance publication Forbes, reported a substantial increase in global online sales. The figures show a rise from $5.21 trillion in 2021 to $5.71 trillion in 2022, with projections indicating an expected surge to $8.14 trillion by 2026. Additionally, 20.8% of retail purchases are expected to take place online in 2023. Therefore, the surge in online sales on the ecommerce platforms will continue to contribute to the growth of the business-to-business electronic market.

Key Industry Players
Major companies operating in the business-to-business electronic market report are Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, Rakuten Group Inc., eBay Inc., Kelly's Directories Ltd., MFG.com, Global Sources Trade Ltd., BusyTrade.com, Indiamart Intermesh Ltd., Hong Kong Trade Development Council, Tradekey Pvt Ltd., Made-in-China.com, EC21 Inc., DIYTrade.com, eworldtrade.com, Gasgoo International Co. Ltd., TradeIndia.com, EC Plaza Network Inc., ExportHub Inc., ChinaAseanTrade.com, Thomas Industrial Network Inc., Kompass India Information Private Limited, Taiwan External Trade Development Council, Eceurope Co.

The business-to-business electronic market report table of contents includes:

1. Executive Summary

2. Business-to-Business Electronic Market Characteristics

3. Business-to-Business Electronic Market Trends And Strategies

4. Business-to-Business Electronic Market - Macro Economic Scenario

5. Global Business-to-Business Electronic Market Size and Growth

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32. Global Business-to-Business Electronic Market Competitive Benchmarking

33. Global Business-to-Business Electronic Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Business-to-Business Electronic Market

35. Business-to-Business Electronic Market Future Outlook and Potential Analysis

36. Appendix